The scope of the Val IT framework is also fully covered within the scope of the COBIT 5 framework. You are invited to review the COBIT 5 framework first and, if more guidance on value is needed, reference the Val IT publications for more detail.

A new governance framework, and supporting publications addressing the governance of IT-enabled business investments, Val IT consists of a set of guiding principles. A number of processes conforming to those principles that are further defined as a set of key management practices.

The Val IT framework is supported by publications and operational tools and provides guidance to:

Define the relationship between IT and the business and those functions in the organization with governance responsibilities;

Manage an organization's portfolio of IT-enabled business investments;

Maximize the quality of business cases for IT-enabled business investments with particular emphasis on the definition of key financial indicators, the quantification of "soft" benefits and the comprehensive appraisal of the downside risk

Val IT addresses assumptions, costs, risks and outcomes related to a balanced portfolio of IT-enabled business investments. It also provides benchmarking capability and allows enterprises to exchange experiences on best practices for value management.

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